Seatrium    Last:0.091   -

SembCorp Marine- The new Frontier.

Is 8.7c a precursor to higher SMM prices or an opportunity to sell and cut losses?  Time will tell

 

A good bit of selling pressure in closing 30 minutes. Must be contra closing off. If we can absorb them and hold .086 will be great.

 

Heavy selling pressure the last 10mins. 

 

These showed market sentiments and customer confidence in SMM.  O& M is a very tight industry and the reputation of a company precedes its contracts.  It will be wise to look at how many big contracts SMM can garner by Mar 2022.

If no contract by Mar 2022, SHs need to be concerned.  We can all hope for the best but nothing beats solid profits and big contracts

teeth53      ( Date: 15-Nov-2021 15:31) Posted: Sembmarine share price dips below S$0.08 offer price customer to move unfinished vessel out of yard

 

Wow, 458 to 488, I really envy you guys. Me, I am tired of walking, I will also Upgrade to a lorry with my beautiful picture tied to the front. Don't envy me hor.

ttbanthony      ( Date: 15-Nov-2021 13:08) Posted: Bro I don mind you are more right than me I am more conservative. I don mind it is 0.11. I can upgrade 458 to 488. Please make this happen. beng1102      ( Date: 15-Nov-2021 13:06) Posted: I would say 11c

 

In the past, I got very excited playing marbles, now COCONUTS. Next time, I don't know, I only know the past has no relevance at all, even my own marbles

teeth53      ( Date: 15-Nov-2021 15:31) Posted: Sembmarine share price dips below S$0.08 offer price customer to move unfinished vessel out of yard

 

I don' t understand why there must always be some people whom are always so negative about things! My advise, think on the bright side and everything will be alot more smoother. Same goes to this counter. I agree that this might not be the best counter as business are affected. But look around you, how many business are affected due to Covid' 19. But things are slowly picking up. Market always need adjustment. Just treat this counter under-going adjustment. Anyway seem like many are stucked here and thinking positive that things will slowly turns better! Lets believe that! Work harder SCM!

 

Sembmarine share price dips below S$0.08 offer price customer to move unfinished vessel out of yard

 

One more thing, you mentioned profit. But you don't need that for punting. As long as the loss is smaller than anticipated, that's enough for the price to jump exponentially. Write this down: Management may be trying to kitchen sink everything this year, then next year will be a better year. The first half loss was supposed to be around $180m, but it was raised to 3 times out of Prudence. Don't look at things on the surface, turn on your powerful imagination and try to visualize what is inside

MANFREDTMK      ( Date: 15-Nov-2021 15:19) Posted: But you use the Past to extrapolate to the future. The Past has no relevance. Today, everything has changed and you have to accept the reality. Your analysis should focus on the forecasting the Future given that stock market is Forward looking and not BACKWARD BENDING. If everyone waits until the contract is announced, you won't be able to buy at 7.9 to 8 cents. Already, forward looking buyers has caused the price to rise to 8.6. Waiting for contract announcement means pay more, 10 cents. Hope this clarifies rather than obscure this very basic level of thought. ckmpd1      ( Date: 15-Nov-2021 15:06) Posted: I am with you on these issues.  I look at facts and profits and contracts.  I dont listen to words not backed by facts and profit

 

👍

MANFREDTMK      ( Date: 15-Nov-2021 15:19) Posted: But you use the Past to extrapolate to the future. The Past has no relevance. Today, everything has changed and you have to accept the reality. Your analysis should focus on the forecasting the Future given that stock market is Forward looking and not BACKWARD BENDING. If everyone waits until the contract is announced, you won't be able to buy at 7.9 to 8 cents. Already, forward looking buyers has caused the price to rise to 8.6. Waiting for contract announcement means pay more, 10 cents. Hope this clarifies rather than obscure this very basic level of thought. ckmpd1      ( Date: 15-Nov-2021 15:06) Posted: I am with you on these issues.  I look at facts and profits and contracts.  I dont listen to words not backed by facts and profit

 

But you use the Past to extrapolate to the future. The Past has no relevance. Today, everything has changed and you have to accept the reality. Your analysis should focus on the forecasting the Future given that stock market is Forward looking and not BACKWARD BENDING. If everyone waits until the contract is announced, you won't be able to buy at 7.9 to 8 cents. Already, forward looking buyers has caused the price to rise to 8.6. Waiting for contract announcement means pay more, 10 cents. Hope this clarifies rather than obscure this very basic level of thought.

ckmpd1      ( Date: 15-Nov-2021 15:06) Posted: I am with you on these issues.  I look at facts and profits and contracts.  I dont listen to words not backed by facts and profits weekaykee      ( Date: 15-Nov-2021 15:04) Posted: I had been waiting for the contracts to be announced for a long long time until i just gave up when the RI was announced and suddenly realised that SMM was in worst sh_t than expected and the improving picture it had painted. Have been hearing about SMM tendering for 10 + 10 contracts for a long long time. By the time they get 1-2 of these tenders, it would have run out of money followed by another round of RI. I have lost complete faith in the management.  SMM may survive at the end of the day but there will be nothing much left for shareholders to get excited about. We need the huge contract wins and not the insignificant cruise ship repair deals. I have been thinking harder than you and thus my conclusion on what' s in store for SMM at least in the next 1-2 years.

 

SMM has to announce big contracts by Mar 2022.  Otherwise, no amount of talk can stave off its financial problems.

I dont see how SMM can survive until Dec 2022 without new contracts consideringing at its burnt rate of $2m to $3m per day.  Let us look out for future SMM announcements

weekaykee      ( Date: 15-Nov-2021 15:04) Posted: I had been waiting for the contracts to be announced for a long long time until i just gave up when the RI was announced and suddenly realised that SMM was in worst sh_t than expected and the improving picture it had painted. Have been hearing about SMM tendering for 10 + 10 contracts for a long long time. By the time they get 1-2 of these tenders, it would have run out of money followed by another round of RI. I have lost complete faith in the management.  SMM may survive at the end of the day but there will be nothing much left for shareholders to get excited about. We need the huge contract wins and not the insignificant cruise ship repair deals. I have been thinking harder than you and thus my conclusion on what' s in store for SMM at least in the next 1-2 years.  MANFREDTMK      ( Date: 15-Nov-2021 14:14) Posted: That's the thing that separate the 2 camps. When you mentioned NO CONTRACT, YOU ARE REFERRING TO THE PAST. But the past is no longer around. In the past, I love to play marbles, now, COCONUTS. So how do you know No Contract in the future. This is the tricky part, foresight is required. Since the industry is turning around, we look forward and believe Contract is forthcoming. The stock market is forward looking. So we acted now instead of waiting for the contract to be announced. If we have to see to understand, then we are not thinking. Making money requires a lot of thinking even though Thinking HURTS.

 

Collected a small bunch at 8.7  to see who is selling.
I expect prices to stay below 9 for the next month or so and hope to buy another bunch at 8+ in 1-2 weeks time......unless some mega contracts are announced in the interim.

 

I am with you on these issues.  I look at facts and profits and contracts.  I dont listen to words not backed by facts and profits

weekaykee      ( Date: 15-Nov-2021 15:04) Posted: I had been waiting for the contracts to be announced for a long long time until i just gave up when the RI was announced and suddenly realised that SMM was in worst sh_t than expected and the improving picture it had painted. Have been hearing about SMM tendering for 10 + 10 contracts for a long long time. By the time they get 1-2 of these tenders, it would have run out of money followed by another round of RI. I have lost complete faith in the management.  SMM may survive at the end of the day but there will be nothing much left for shareholders to get excited about. We need the huge contract wins and not the insignificant cruise ship repair deals. I have been thinking harder than you and thus my conclusion on what' s in store for SMM at least in the next 1-2 years.  MANFREDTMK      ( Date: 15-Nov-2021 14:14) Posted: That's the thing that separate the 2 camps. When you mentioned NO CONTRACT, YOU ARE REFERRING TO THE PAST. But the past is no longer around. In the past, I love to play marbles, now, COCONUTS. So how do you know No Contract in the future. This is the tricky part, foresight is required. Since the industry is turning around, we look forward and believe Contract is forthcoming. The stock market is forward looking. So we acted now instead of waiting for the contract to be announced. If we have to see to understand, then we are not thinking. Making money requires a lot of thinking even though Thinking HURTS.

 

Let's see

weekaykee      ( Date: 15-Nov-2021 15:04) Posted: I had been waiting for the contracts to be announced for a long long time until i just gave up when the RI was announced and suddenly realised that SMM was in worst sh_t than expected and the improving picture it had painted. Have been hearing about SMM tendering for 10 + 10 contracts for a long long time. By the time they get 1-2 of these tenders, it would have run out of money followed by another round of RI. I have lost complete faith in the management.  SMM may survive at the end of the day but there will be nothing much left for shareholders to get excited about. We need the huge contract wins and not the insignificant cruise ship repair deals. I have been thinking harder than you and thus my conclusion on what' s in store for SMM at least in the next 1-2 years.  MANFREDTMK      ( Date: 15-Nov-2021 14:14) Posted: That's the thing that separate the 2 camps. When you mentioned NO CONTRACT, YOU ARE REFERRING TO THE PAST. But the past is no longer around. In the past, I love to play marbles, now, COCONUTS. So how do you know No Contract in the future. This is the tricky part, foresight is required. Since the industry is turning around, we look forward and believe Contract is forthcoming. The stock market is forward looking. So we acted now instead of waiting for the contract to be announced. If we have to see to understand, then we are not thinking. Making money requires a lot of thinking even though Thinking HURTS.

 

I had been waiting for the contracts to be announced for a long long time until i just gave up when the RI was announced and suddenly realised that SMM was in worst sh_t than expected and the improving picture it had painted. Have been hearing about SMM tendering for 10 + 10 contracts for a long long time. By the time they get 1-2 of these tenders, it would have run out of money followed by another round of RI.
I have lost complete faith in the management. 
SMM may survive at the end of the day but there will be nothing much left for shareholders to get excited about.

We need the huge contract wins and not the insignificant cruise ship repair deals.

I have been thinking harder than you and thus my conclusion on what' s in store for SMM at least in the next 1-2 years. 

MANFREDTMK      ( Date: 15-Nov-2021 14:14) Posted: That's the thing that separate the 2 camps. When you mentioned NO CONTRACT, YOU ARE REFERRING TO THE PAST. But the past is no longer around. In the past, I love to play marbles, now, COCONUTS. So how do you know No Contract in the future. This is the tricky part, foresight is required. Since the industry is turning around, we look forward and believe Contract is forthcoming. The stock market is forward looking. So we acted now instead of waiting for the contract to be announced. If we have to see to understand, then we are not thinking. Making money requires a lot of thinking even though Thinking HURTS. weekaykee      ( Date: 15-Nov-2021 13:34) Posted: No announcement of any major contract wins despite mgt saying the business environment has improved.  Management said funds are only sufficient till end of 2022. That is only 1 year away. I cannot imagine in the absence of new contracts, how will its balance sheet show a sudden improvement by end of 2022, to avoid another fund raising exercise. Another RI, and SMM' s price will collapse. It is all talk by management now and i will not blame them to attempt to sound positive after a prolonged period of being in the doldrums. Talking up its share price may also help in its merger with KOM. And those who have been following SMM' s mgt, will know not to take its word too seriously. Lots of false hopes have been given recently.  And UOB or DBS analysts have been proven wrong most of the time. Nothing has changed to push up or coninue pushing up the stock price. Going up based on speculation and hope. Yes money can still be made in the short term but remember to get out in time.

 

In sep 2020, many retailers said RI 2020 at 20c was a good buying opportunity.  In Oct 2021, many retailers also said RI 2021 was a buying opportunity.

sama sama.

Time will tell

 

RI 2020 in sep 2020 was 20c.  TERP was 29c.  After RI, SMM dropped to 11c in Nov 20.

DYODD

 

I am sure you will quickly point out that we are wrong if it didn't. Yes, it will eventually be 10, but no prices rise linearly. The journey will not be smooth with Ups and Down

ckmpd1      ( Date: 15-Nov-2021 14:35) Posted: yes.  Mathematically correct. 8c + (0.2cents x 10days) = 10c   share456      ( Date: 15-Nov-2021 14:30) Posted: everyday, SCM moves up by 0.2 cents. very soon, it will hit 10 cents or $0.10.

 

Ckmpd is one of those people shouting 0.3 on a daily basis. I started noticing him cos i was wondering who this irritating person posting 0.3 target every day.  Now he has the balls to come in and laugh at others. Now this is hilarious

ckmpd1      ( Date: 15-Nov-2021 14:08) Posted: I got out of SMM before RI 2021 when many people were shouting 30c, 40c.  Some thought I was silly.  Now these people are elated and over the moon when SMM is at 8.7c.  How hilarious.  DYODD.  Dont trade on hope and herd mentality.  If anyone thinks SMM is 30c, 40, 8.7c is a huge buying opportunity.  Why are BBs not buying?